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Nimfa-mama [501]
3 years ago
12

Yocum Company purchased equipment on January 1 at a list price of $120,000 and received a $2,400 cash discount. Yocum paid $6,00

0 sales tax on the equipment, and paid installation charges of $1,760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?
Business
1 answer:
egoroff_w [7]3 years ago
8 0

Answer:

The correct answer is $129,360.

Explanation:

According to the scenario, the given data are as follows:

List price of equipment = $120,000

Cash discount = $2,400

sales tax = $6,000

Installation charges = $1,760

concrete slab = $4,000

So, we can calculate the total cost by using following formula:

Total cost = $120,000 - $2,400 + $6,000 +$1,760 + $4,000

= $129,360

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An investor has opened a jewellery store and a bakery shop in your village which is near the sea side. Do you consider the locat
almond37 [142]

Answer:

The bakery business is a good business for this location but the jewellery is not.

Explanation:

The bakery business is a good business for this location but the jewellery is not. This is because the vast majority of individuals in the area are most likely going to be people spending the day travelling and going to the beach or taking a walk on the boardwalk. Therefore, pasteries in the morning on a nice day or in the afternoon would be in demand in that area. However, jewellery probably will not be in high demand. The best place for a jewellery store is in the middle of the city where people go to shop, ideally a high income location.

7 0
3 years ago
A person is overweight (350 pounds) and desires to lose 10% of his body weight over 6 months. what is the total kcalorie intake
snow_tiger [21]

Total caloric restriction over 6 moths:

10%*350 pounds = 35 pounds.

35 pounds * 3,500 calories per pound = 122,500 total calories.

------------------------------------

If weigh loss period is 27 weeks, divide by total number of weeks:

122,500 calories/ 27 weeks = 4537 calories per week

and by number of days (27 weeks= 189 days)

122,500/189 = 648 calories per day

5 0
3 years ago
Suppose the supply of shaved ice is more elastic with respect to price in the long run than in the short run. All else equal we
Olenka [21]

Answer:

<h2>The answer in this case would be the last option in the answer list or options given in the question or falls equally on buyers and sellers in the short run but not the long run.</h2>

Explanation:

  • In Microeconomics,elasticity level of supply usually has an inverse or negative relationship with the tax burden in the market.
  • Therefore,higher elasticity of supply among the sellers or firms implies that they are relatively more sensitive or responsive to any price change in the market and would not be much willing to accept the burden of the tax which is reflected by an increase in the production cost of output or acceptance of a lower relative price for the output sold.
  • Hence,the sellers or firms will reduce the quantity supplied of the output considerably in the market due to the tax imposition in the long run.Thus,even if the tax burden might be equally distributed among both the consumers/buyers and sellers/firms,the buyers/consumers will have a higher tax burden in the long run than the sellers/firms due to higher price elasticity of supply in the long run.
8 0
3 years ago
Suppose people freely choose to spend 40 percent of their income on health care, but then the government decides to tax 40 of a
ANEK [815]

Answer:

A) Taxing income results in deadweight loss, and purchasing health care on one's own doesn't result in deadweight loss.

Explanation:

When you have a market in equilibrium and a new tax is set, this will always result in a deadweight loss. But individual's are free to spend their money in whatever legal good or service they need or want, so when they purchase health care by themselves there is no deadweight loss.

7 0
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Why does HOSA require students join through a local chapter instead of joining as individuals?
guapka [62]

Answer:

The reason why hosa require students to joint through local chapter instead of joining as individuals are: Hosa activities are so closely connected with the school curriculum, And this curriculum usually more compatible if it's carried out in groups.

:

5 0
3 years ago
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